0333 GMT - Sea remains well-positioned for growth in 2025, analysts at CGS International write in a note. Its e-commerce business Shopee is improving its profitability without compromising on gross merchandise value growth, and the platform's main focus will likely be driving revenue while growing margins gradually and sustainably, they add. The competitive environment appears to have stabilized and rationalized as rivals like Lazada and TikTok Shop continue to improve monetization, they add. Sea's financial-services sector is also expected to see strong revenue growth this year, driven by greater lending penetration, they add. CGSI retains its add rating with a target price of $136. Should Sea provide a positive earnings guidance for 2025, it could be a key catalyst, they add. Shares last closed at $118.16. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 22:33 ET (03:33 GMT)
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